LendInvest cuts Buy-to-Let rates by 80bps

The lender has announced a significant reduction to its Buy-to-Let rates as it looks to back landlords in the New Year.

Related topics:  Finance,  Landlords,  BTL
Property | Reporter
3rd January 2024
To Let 925

LendInvest Mortgages has announced that its new range starts from 3.79% and is designed to meet the ambitions of landlords after a year where many pressed pause in the market.

Along with specialist support for complex Buy-to-Lets with up to £1.5 million loans for Large HMOs and MUFBs, LendInvest Mortgages offers specialist support for portfolio and Ltd Company landlords.

Sophie Mitchell-Charman, Commercial Director at LendInvest, said: “Our brokers are telling us just how ambitious landlords are, and they want to spend 2024 expanding their portfolios. This new range is designed to help them make up for lost time, with cheaper products, powered by our market-leading technology and delivered by our experts.”

This comes as the lender puts the finishing touches to its new Buy-to-Let Portal, which it has launched with a small group of brokers before it expands into the wider market later this month.

According to LendInvest, by using the same technology as its Bridging and Residential ranges, applications will be processed faster for Buy-to-Let brokers, giving them more certainty and more visibility of all of their deals.

Mitchell-Charman added: “We really want to make 2024 the year of backing Buy-to-Let landlords to get the right deals when they need them. Our new Buy-to-Let portal will give brokers the tools to make their lives simpler, as well as their customers.”

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